Trump throws ZTE curveball as big week for US-China trade begins - News Summed Up

Trump throws ZTE curveball as big week for US-China trade begins


American companies will also have a chance to publicly tell the Trump administration what they think about its planned tariffs on Chinese goods. The fate of Chinese technology company ZTE (ZTCOF) has become a major flashpoint in the US-China trade tensions. Related: ZTE is now center stage in the US-China trade fightZTE, which employs around 75,000 people worldwide, has disputed the decision and is appealing it. Trump appeared to throw ZTE a lifeline with his tweet Sunday in which he said "too many" Chinese jobs were at risk. Round 2 of trade talksThat second round of talks is happening this week.


Source: CNN May 14, 2018 09:07 UTC



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